Compliance Updates

How will new mandates and regulations affect your business? Keep up to date on all the compliance and regulatory updates occurring around the world here.

OVERVIEW

Navigating the minefield of invoice regulations

Every country has its own set of rules and regulations that your company must adhere to, and violating these rules, intentionally or not, can result in significant penalties.

Tungsten Network’s mastery of the international regulatory environment helps you generate legally compliant cross-border purchase order and invoice documents. Search below for the latest developments in fiscal law from around the world.

The latest updates from around the world

Kingdom of Saudi Arabia

20/05/2020

Kingdom of Saudi Arabia (KSA) announces a base-rate VAT increase

Kingdom of Saudi Arabia (KSA) announces a base-rate VAT increase from 5% to 15%: KSA's Minister of Finance, Mr. Al Jadaan, announced starting from 1 July 2020 the VAT rate will increase from 5% to 15%.

India

17/03/2020

India delays invoice mandate

The Indian government announced its invoice registration mandate late 2019, putting forward a very challenging go-live date of 1 April 2020 - they are now reporting they will be postponing the effective date of the mandate until 1 October 2020.

China

09/03/2020

China moves forward with plans to improve VAT law functionality

The Chinese State Tax Administration (STA) provided a public update on multiple tax-related topics, including a development plan for electronic special VAT invoices.

Poland

09/03/2020

Poland marches forward with November deadline for B2G e-invoicing

Poland is taking the next step in the introduction of a national digital platform supporting its main public services with the introduction of mandatory e-invoicing for B2G transactions.

Germany

10/03/2020

Germany's B2G e-invoicing approaches second phase

Germany has announced its schedule for mandatory B2G e-Invoicing. As April approaches, the second phase will come into action for the regional and communal levels. Tungsten is here to help - we can support your invoice delivery of the XRechung through our PEPPOL connection.

Greece

03/03/2020

Greece announce e-invoicing plans to improve their national VAT gap

In a bid to fight indirect tax evasion, the Greek government is adopting an invoice clearance model that is similar to Mexico’s current setup.

India

21/02/2020

Further information on the Indian mandate

From 1st April 2020, all businesses with a turnover of at least Rs.100 Crore will be obliged to start using the IRP.

The Philippines

27/01/2020

Unilever and Tungsten obtain CAS usage permit in the Philippines

After several years of collaboration, we can officially announce that a usage permit between Unilever and Tungsten was finally granted in early January 2020.

India

19/12/2019

Indian e-invoicing deadline confirmed for April 2020

It has now been confirmed that India will have launched their Invoice Registration Portal in early 2020, which will see mandatory usage for medium and large taxpayers from April 2020.

Italy

28/06/2018

Italy extends fuel suppliers deadline for B2B e-invoicing

The Italian government has announced that suppliers of fuel must begin sending B2B e-invoices by 1 January 2019, along with all other companies with an Italian VAT number.

Spain

13/06/2018

Spain extends B2G e-invoicing mandate

Spain has announced an extension of the existing B2G mandate to subcontractors involved in public contracts/tenders, effective from 1 July 2018.

Greece

11/05/2018

Greece to mandate B2B e-invoicing

The Independent Authority of Public Revenue (Α.Α.Δ.Ε.) announced its intention in introduce mandatory e-invoicing and e-maintenance of accounting books as of 1 January 2020.

Italy

20/04/2018

EU permits derogation for Italian B2B e-invoicing mandate

The European Commission has permitted a derogation to articles 218 and 232 of Directive 2006/112/EC for Italy, as their B2B mandate was in direct conflict to these. The Italian mandate can now be rolled out without contravening any EU laws.

South Africa

01/04/2018

South Africa changes VAT rates

Standard VAT rate is increased from 14% to 15% from 1 April 2018.

Qatar

31/01/2018

VAT implementation in Qatar

In February 2016 the Gulf Cooperation Council (GCC) announced that Value-Added Tax (VAT) would be rolled out throughout the Gulf States, starting in January 2018.

Germany

31/01/2018

Germany mandates B2G e-invoicing

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically by 27 November 2018.

UAE

01/01/2018

United Arab Emirates implements VAT

In February 2016 the Gulf Cooperation Council (GCC) announced that Value-Added Tax (VAT) would be rolled out throughout the Gulf States, starting in January 2018.

Saudi Arabia

01/01/2018

Kingdom of Saudi Arabia implements VAT

In February 2016 the Gulf Cooperation Council (GCC) announced that Value-Added Tax (VAT) would be rolled out throughout the Gulf States, starting in January 2018.

Sweden

01/01/2018

Sweden implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Italy

01/01/2018

Italy mandates B2B e-invoicing

The Italian government has confirmed that B2B e-invoicing will become mandatory from 1 January 2019 (in some cases, such as suppliers of motor fuel oil or subcontractors employed by companies engaged in work with a public administration, the mandate will apply from July 2018).

Poland

01/01/2018

Poland delays VAT Act changes until July 2018

Fundamental changes to the VAT Act were due to come into force on 1 January 2018. However, this has been postponed until July 2018.

Romania

01/01/2018

Romania implements VAT Split Payment

The implementation of a mandatory VAT Split Payment law came into force on 1 January 2018. The system has been voluntary since 1 October 2017.

The Hungarian Government published the latest draft decree detailing changes regarding VAT reporting that will come into effect on 1 July 2018.

Mexico

01/07/2017

Mexico mandates CFDi version 3.3

Mexico CFDi 3.3 was introduced on 1 July 2017 and becomes mandatory from today. The new version includes changes in structure, data format, catalogues, as well as invalidations and calculation rules such as the following.

France

01/06/2017

France implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Norway

01/01/2017

Norway implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

France

01/01/2017

France mandates B2G e-invoicing

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically by 27 November 2018.

Italy

01/06/2016

Italy implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Denmark

01/01/2016

Denmark implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

Spain

01/01/2016

Spain implements EU VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.

United States

01/09/2015

United States mandates B2G e-invoicing

United States federal agencies are expected to adopt electronic invoicing for B2G procurement by the end of fiscal year 2018.

European Union

16/04/2014

European Union VAT Directive 55

The European Union (EU) VAT Directive 55 obliges all EU public authorities to receive invoices electronically, or at least to have a defined for how they will do so, by 27 November 2018.